 |
|
Near All Time Highs - who's going to pull the trigger?
06-07-2016, 10:09 AM
|
#1
|
|
Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Gosport, IN
Posts: 1,218
|
Near All Time Highs - who's going to pull the trigger?
With Dow and S&P nearing all time highs today is everyone going to continue the ride or will some of you take some money to the sidelines?
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
06-07-2016, 10:13 AM
|
#2
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
|
ride, ride, ride, gonna let it ride
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
|
|
|
|
|
06-07-2016, 10:18 AM
|
#3
|
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
|
 Quote:
Originally Posted by wmc1000
With Dow and S&P nearing all time highs today is everyone going to continue the ride or will some of you take some money to the sidelines?
|
..............take some money to the sidelines? And do what  ?
__________________
*********Go Yankees!*********
|
|
|
|
|
06-07-2016, 10:20 AM
|
#4
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
|
I will continue to write out-of-the-money covered call options on specific ETFs or stocks.
I am not going to sell indiscriminately, because there are many sectors that are still beaten down badly, and have not recovered to their norm. Energy and metal mining are two examples.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
|
|
|
|
|
06-07-2016, 10:20 AM
|
#5
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,545
|
let it ride. Selling requires work!
__________________
FIRE'D in July 2009 at 51...Never look back!
|
|
|
|
|
06-07-2016, 10:25 AM
|
#6
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,902
|
Laissez les bons temps rouler!
|
|
|
|
|
06-07-2016, 10:25 AM
|
#7
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
|
Quote:
Originally Posted by aja8888
..............take some money to the sidelines? And do what ?
|
my standard response to DW is "hookers and blow" - of course I'm joking
we will be getting a nice wire this week from a property sale in WA - I'd like to get the house paid off
last time I got out of my gold fund I paid off my house
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
|
|
|
|
Near All Time Highs - who's going to pull the trigger?
|
06-07-2016, 10:26 AM
|
#8
|
|
Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
|
Near All Time Highs - who's going to pull the trigger?
Sold about 5% of assets which had reached a recent high. Most of what I sold was purchased at a market dip in late August last year and was intended as a short term investment only.
Am considering selling more to move toward a more conservative asset allocation while prices are good. However my best guess is I'll end up letting the rest ride since I won't need that money for years anyway so it can ride out a market drop if one comes.
Anything I sell goes into bond funds.
Sent from my iPhone using Early Retirement Forum
__________________
"Learn everyday, but especially from the experiences of others. It's cheaper! " - John Bogle
|
|
|
|
|
06-07-2016, 10:29 AM
|
#9
|
|
Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Gosport, IN
Posts: 1,218
|
Some may possibly consider taking the cash from the current run back up and wait for the next fed rate hike to potentially cause a drop and then rejoin the battle. I have about 20% in total market mutual fund that I am considering closing out today to cash. Have seen about a 10% increase since I bought in earlier this year.
|
|
|
|
|
06-07-2016, 10:29 AM
|
#10
|
|
Full time employment: Posting here.
Join Date: Dec 2015
Location: Vancouver
Posts: 915
|
Quote:
Originally Posted by aja8888
..............take some money to the sidelines? And do what ?
|
I suppose there's the reload and jump back in after a correction camp.
__________________
Good Riddance. April 2022
"Yes, there's some shady stuff going down but it's fuelled by stupidity."
|
|
|
|
|
06-07-2016, 10:29 AM
|
#11
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
|
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
|
|
|
|
|
06-07-2016, 10:30 AM
|
#12
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
|
|
06-07-2016, 10:32 AM
|
#13
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Quote:
Originally Posted by wmc1000
Some may possibly consider taking the cash from the current run back up and wait for the next fed rate hike to potentially cause a drop and then rejoin the battle.
|
You may need to be prepared to wait for quite a while. I think the fed is crawfishing on another rate hike any time soon.
__________________
Numbers is hard
|
|
|
|
|
06-07-2016, 10:39 AM
|
#14
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Dow is having a hard time staying above 18,000. Yawn.
__________________
Retired since summer 1999.
|
|
|
|
06-07-2016, 10:47 AM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,146
|
Haven't really paid any attention to the market for several months and read about the near all time high. I'm gonna let it ride.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
|
|
|
|
|
06-07-2016, 10:50 AM
|
#16
|
|
Moderator Emeritus
Join Date: May 2007
Posts: 12,901
|
I am taking some profits off the table to pay for an extensive house renovation project next year.
|
|
|
|
|
06-07-2016, 10:52 AM
|
#17
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Location: Bonita (San Diego)
Posts: 1,795
|
Haven't we set like 70 new all-time highs since 2009? How do I know which one is It?
If any money goes to the sidelines any time soon for us, it'll be to look for better value options which would mark a strategic shift. I'm not there yet.
__________________
"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
|
|
|
|
|
06-07-2016, 11:02 AM
|
#18
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,902
|
Or, we could rely on a rhyme, if only I could recall which one is always correct.
sell in May - then go away
sell in June - before the swoon
sell in July - don't ask why
sell in August - before it go bust
|
|
|
|
|
06-07-2016, 11:26 AM
|
#19
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
|
I also sold 5% of assets at S&P 2100 to get to 65/32/3 AA. The rest can ride.
__________________
"The mountains are calling, and I must go." John Muir
|
|
|
|
|
06-07-2016, 11:57 AM
|
#20
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,587
|
For the most part, will let my investments ride. The only thing I've done is to move my son's 529 plans out of the market very recently as this has become a short term investment horizon. One starts college in the Fall, the other is only a year behind. And they were invested less than 20% in equities.
Have them in either short term corporate bond fund or stable value fund.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
